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Dec 08 - 09:55 PM

AUD/USD - Poised Below Key Resistance, As Risk And USD Lead

By Andrew M Spencer  —  Dec 08 - 08:10 PM

  • -0.1% after closing up 0.75%, as risk appetite improved and the USD fell

  • Optimism on data suggesting booster may protect against Omicron nL1N2ST0Q6

  • RBA - digital AUD led by demand - cautious on crypto-assets nS9N2QH02N

  • Charts; 10 & 21 daily and weekly moving averages continue to trend lower

  • Daily momentum studies base, 21 day Bollinger bands contract - neutral setup

  • Break of 0.7110 10 DMA suggests downtrend will enter a consolidation phase

  • Sustained 0.7189 21 DMA and 0.7208, 38.2% Oct-Dec fall would be bullish

  • Early London 0.7117 low and NY 0.7183 high first support, resistance

For more click on FXBUZ


aud Dec 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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